Development of Queensland gas tenement acreage put on hold
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The oil and gas sector has been significantly impacted by logistical disruptions caused by the Covid-19 pandemic, as well as significant disruptions to the global oil and domestic gas markets.
“IPL and CTP remain committed to the domestic gas project and look forward to restarting activities on the planned three-well production pilot as soon as possible”, said Jeanne Johns, IPL Managing Director & CEO.
IPL’s gas supply agreement with CTP, for the supply of natural gas to IPL’s Gibson Island site in Queensland ended in December 2019. Gas supply from Australia Pacific LNG will meet the plant’s needs from 1 April 2020 through to 31 December 2022.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/27032020/development-of-queensland-gas-tenement-acreage-put-on-hold/
You might also like
Subsea7 extends frame agreement with Aker BP
Subsea7 has announced an extension of its existing frame agreement with Aker BP for four years to the end of 2028.